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Wednesday, March 19, 2008

As a Baby Boomer, are you in agreement with the results of an American Association of Retired Persons' position paper - that the definition of work in retirement will be uniquely yours? Fully 80% of those who responded to the survey expect to continue some type of work after they reach retirement age.

Many women don't have control over the decision regarding changes in their work situation. They may be faced, unexpectedly, with the loss of a job or a business. Or, out of financial necessity, they have no choice but to continue supporting themselves and their families. In addition, the aftermath of 9/11 and the economic downturn drove women into the workforce who otherwise would have reduced their workload or retired completely.

The recent New Face of Work Survey, conducted by the Princeton Survey Research Associates International, found that the majority of their interviewees had an interest in post retirement careers that help others. Over 70% of the women in their 50's agreed that “It is very important that a job in retirement gives a sense of purpose,” and allows them to stay involved with other people. The shift to a "working retirement" is definitely a baby boomer phenomenon.